Bicoin Mining - Is It Going to Fork?

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When they stop making more bid coin, what will happen to the net fees for mining. What does that equilibrium look like? Well, i don't think it will fork, at least nothing with substantial adoption. There will only be twenty one million bicine, and that's how that's going to stay. But so it it depends what layer you're talking about. If we don't get layer two, then i think bicin will probably stay as kind of like addigital gold. And you're right, it will. It'll be large, slow moving amounts....

Brian Armstrong first recognized the potential of cryptocurrencies after witnessing firsthand the tragic consequences of hyperinflation in Argentina. Coinbase, the company he co-founded, aims to provide the primary financial accounts for the crypto economy. Their success in accomplishing this, he says, is due as much to their innovative approach to regulation as it is anything technological.

Brian joined Tyler to discuss how he prevents Coinbase from being run by its lawyers, the value of having a mission statement, what a world with many more crypto billionaires would look like, why the volatility of cryptocurrencies like Bitcoin is more feature than bug, the potential for scalability in Ethereum 2.0, his best guess on the real identity of Satoshi, the biggest obstacle facing new charter cities, the meta rules he’d institute for new Martian colony, the importance of bridging the gap between academics and entrepreneurs, the future of crypto regulation, the benefits of stablecoin for the unbanked, his strongest and weakest interpersonal skill, what he hopes to learn from composing electronic music, and more.

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Recorded January 14th, 2022 Other ways to connect

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